Here is big picture Solana wave and target. I remember telling friends $400 Solana was a viable target as it put SOL MC at a similar level as BNB when it topped out last cycle. At the time, seemed unrealistic but now as we have crossed $200, it seems quite possible and maybe even likely.
For me, Solana is one of the few L1's which functions as advertised. Super cheap and extremely fast. There are potential long term issues apparently with hardware and blockchain size, but these are issues for another day. For now, it's the most bullish major out there now.
Log chart here and looks like a straight forward 1-4 complete with wave 4 being a triangle.
Wave 5 target is the 0.618 extension of the 1/4 move.
If you've been holding, big congratulations
For me, Solana is one of the few L1's which functions as advertised. Super cheap and extremely fast. There are potential long term issues apparently with hardware and blockchain size, but these are issues for another day. For now, it's the most bullish major out there now.
Log chart here and looks like a straight forward 1-4 complete with wave 4 being a triangle.
Wave 5 target is the 0.618 extension of the 1/4 move.
If you've been holding, big congratulations
Comment:
$400 range still very much in play. Hope you didn't get shaken out.
Comment:
Updated with internal count of this wave 3 that looks complete. Wave 4, I also believe is complete, although still need to wait and see what BTC does in the coming days.